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Fly News Breaks for September 13, 2017
DWDP
Sep 13, 2017 | 08:22 EDT
Nomura Instinet analyst Aleksey Yefremov raised his price target for DowDuPont to $82 saying the company's plan to transfer $8B in sales from Materials Co. to Specialty Co. justifies a higher target multiple. The conclusion of the portfolio review and unanimous approval by the board signals that the risks of internal disagreements within the company has diminished considerably, Yefremov tells investors in a research note. He expects investor interest in DowDuPont to improve and keeps a Buy rating on the shares.
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